By: Brady Dale
A small blockchain company out of Arizona has built open-source software that it says any bitcoin-based blockchain could use to improve its functionality.
Nexus announced Monday what it called its seventh “activation” – a protocol upgrade that brings smart-contract functionality to the Nexus blockchain, which launched as a fork of the original bitcoin protocol in 2014. Deployed today, the activation goes into full effect Nov. 11.
If all goes well, other blockchains can feel free to follow suit by borrowing the code.
“Part of the intention was to use the original bitcoin code from the 2014 era to upgrade that into our framework,” Nexus founder Colin Cantrell told CoinDesk. “Any blockchain that uses the legacy UTXO can actually upgrade smart contracts over their live blockchain without having to do a chain reset or anything like that.”